According to the commodity market analysis system of Business Society, as of June 30, 2024, the reference price of n-butanol in Shandong Province, China was 8700 yuan/ton. Compared with June 1 (reference price of n-butanol was 8366 yuan/ton), the price increased by 334 yuan/ton, an increase of 3.98%.

From the commodity market analysis system of Shengyishe, it can be seen that in June, the overall n-butanol market in Shandong, China showed a trend of “first rising and then falling”. In early June, the market for n-butanol continued to rise, with a ten day increase of nearly 10%. The price of n-butanol in Shandong region exceeded 9200 yuan/ton. In the middle of the month, the n-butanol market adjusted its operation, and the market situation fluctuated with each other. In the latter half of the year, the market trend of n-butanol fell from a high level, and the market center kept moving downwards. As of June 30th, the market price of n-butanol in Shandong region is around 8600-8700 yuan/ton.

Analysis of influencing factors

In terms of supply: In early June, some n-butanol units were shut down for maintenance, and the overall operating rate of the n-butanol plant was low. The on-site spot supply was tight, and there was currently no supply pressure on the supply side. Therefore, at the beginning of the month, the supply side provided support for the n-butanol market. Later, as the plants began to operate, the tight supply situation gradually eased, and the support provided to the market also decreased.

In terms of demand: At the beginning of the month, downstream users of n-butanol are facing phased replenishment, and some downstream users have low raw material inventory. They have a high enthusiasm for raw material procurement, and the overall demand side of n-butanol is performing well. Therefore, the demand side provides upward support to the market. As the phased stocking ends, demand returns to calm. In the second half of the year, downstream users of n-butanol mainly digest raw materials, and the overall performance of the demand side is average. The support for n-butanol has weakened, and the focus of negotiations in the n-butanol market is gradually declining.

Future analysis

At present, the trading atmosphere of n-butanol on the market is mild, and the overall performance of the supply side is stable. Downstream demand is mainly for rigid procurement. Business Society’s n-butanol data analyst believes that in the short term, the domestic n-butanol market will mainly adjust slightly, and the specific trend still needs to pay more attention to changes in supply and demand news.